Ensign Peak Advisors Inc Sells 84,170 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Ensign Peak Advisors Inc lowered its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 66.3% in the second quarter, Holdings Channel reports. The firm owned 42,763 shares of the financial services provider’s stock after selling 84,170 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Simply Good Foods were worth $1,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after buying an additional 549 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in Simply Good Foods by 59,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,182 shares in the last quarter. Innealta Capital LLC acquired a new position in Simply Good Foods during the second quarter valued at approximately $71,000. Banque Cantonale Vaudoise bought a new position in Simply Good Foods in the first quarter valued at approximately $103,000. Finally, Headlands Technologies LLC acquired a new position in shares of Simply Good Foods during the 1st quarter worth approximately $131,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $34.70 on Friday. The stock has a market cap of $3.47 billion, a PE ratio of 23.93, a P/E/G ratio of 2.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19. The firm has a 50-day moving average of $33.13 and a 200-day moving average of $34.73. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $334.80 million during the quarter, compared to analysts’ expectations of $337.66 million. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.69 EPS for the current year.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total transaction of $36,437.52. Following the transaction, the senior vice president now owns 19,319 shares in the company, valued at approximately $665,346.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SMPL has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research note on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Moderate Buy” and an average price target of $40.29.

About Simply Good Foods

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.